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TMI Blog2022 (5) TMI 657X X X X Extracts X X X X X X X X Extracts X X X X ..... t. Ltd. is admitted in Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016 - Moratorium declared. Application allowed. - CP (IB) 39 of 2020 - - - Dated:- 27-4-2022 - M.B. Gosavi, Member (J) And Ajai Das Mehrotra, Member (T) For the Appellant : Atul Sharma, Advocate ORDER 1. It is brought to our notice that the Hon'ble NCLAT, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Code. a) the institution of suits or continuation of pending suits or proceedings against the corporate debtor including execution of any judgment, decree or order in any court of law, tribunal, arbitration panel or other authority; b) transferring, encumbering, alienating or disposing of by the corporate debtor of any of its assets or any legal right or beneficial interest therein; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4) We hereby appoint Mr. Rahul Nareshbhai Shah, having Registration No. IBBI/IPA-001/IP-P-02170/2020-2021/13367 (as suggested by the Operational Creditor vide affidavit dated 27.04.2022) to act as an IRP under Section 13(1)(c) of the Code. He shall conduct the Corporation Insolvency Resolution Process as per the provision of Insolvency and Bankruptcy Code, 2016 r.w. Regulation made thereunder: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te Insolvency Resolution Process (CIRP) and call for submission of claims under Section 15 as required by Section 13(1)(b) of the Code. 7) It is further directed that the supply of goods/service to the Corporate Debtor Company, if continuing, shall not be terminated or suspended or interrupted during moratorium period. The IRP shall be under duty to protect and preserve the value of the prope ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nterim Resolution Professional and the concerned Registrar of Companies, after completion of necessary formalities, within seven working days and upload the same on website immediately after pronouncement of the order. 2. Accordingly, CP(IB) NO. 39/9/NCLT/AHM/2020 is allowed. However, Insolvency Resolution Professional/Resolution Professional to file progress report through IA so that it can b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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